China will continue working toward the swift implementation and effectiveness of the policy package aimed at enhancing the investment climate for foreign businesses and attracting more foreign investment, the Ministry of Commerce said on Wednesday.

The policy mix, rolled out in August by the State Council, China's Cabinet, after pooling feedback and concerns facing foreign companies in terms of the country's business environment, has witnessed significant progress in the delivery of most of the initiatives, the ministry said in a statement.

Throughout last year, the country saw a significant increase in the number of newly established foreign-invested enterprises. Data released by the ministry showed that 53,766 companies were set up nationwide in 2023, representing a year-on-year growth of 39.7 percent.